You Searched for: affordable housing challenges
Mumbai has growing urbanisation and a dense population, making real estate redevelopment both a solution and a difficulty. The city suffers legal, logistical, and regulatory challenges due to ageing infrastructure and decrepit homes. How can these be resolved?
- 19th Aug 2024
- 1216 Views
Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.
- 13th Aug 2024
- 1210 Views
Homebuyers are encouraged by rising house affordability in key Indian cities. The percentage of income needed to pay monthly home loan payments has reduced despite rising mortgage rates over the last year.
- 29th Dec 2023
- 1346 Views
Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.
- 28th Dec 2023
- 1354 Views
The Indian real estate industry had a great 2023! Indian property markets saw some of the largest transactions ever. Lots of action—acquisitions, IPOs, new project launches. 2023 has set up the Indian real estate sector for future growth.
- 26th Dec 2023
- 1292 Views
Mumbai realtors, under CREDAI-MCHI, have petitioned the Maharashtra government for policy changes to lower rising property prices, which are hurting the city's economy.
- 29th Sep 2023
- 1327 Views